Why a Detroit bailout is a terrible idea.

http://online.wsj.com/article/SB122669746125629365.html

I agree completely, especially with the oft given rationale that it would allow GM to retool to build fuel efficient vehicles.  "It's like asking the cigarette industry to help with cancer research".

Update:

Here's another one.  I hadn't heard of Leyland.  Perhaps the WTO may actually keep us from doing something stupid this time, rather than keeping us from protecting sea turtles. 

http://www.nytimes.com/2008/11/18/business/economy/18car.html?em

Update:

Yet another, from Mitt Romney.  I haven't agreed with anything he's said since his presidential campaign.

http://www.nytimes.com/2008/11/19/opinion/19romney.html?em